From 14 to 17 November 2012 the Financial and Banking Council, with the support of the International Bank of Azerbaijan and the CIS Executive Committee will hold a commemorative V Baku International Banking Conference of states - participants of CIS on "CIS financial markets: opportunities and global risks."
The program of the Conference 2012 includes questions of national and international development institutions, the banking systems of the CIS countries in the new regional associations, as well as other important issues.
The plenary sessions will discuss issues such as: increasing the stability of the financial markets of the CIS in the ongoing global economic crisis, the new possibilities of interaction with the adoption of the Free Trade Area of ??the CIS, the introduction of alternative financial products and advanced technologies, the development of Islamic banking in the CIS, ability to attract public funds to the development efforts of the Commonwealth.
The upcoming Conference will be attended by representatives of governments and ministries of states - participants of CIS, international development institutions, as well as heads of national (central), and the largest banks of the Commonwealth, Europe and Asia. Information support will be the mainstream media of the Commonwealth. -15D -
Economics
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Azerbaijan’s gross domestic product (GDP) reached 126.3 billion manats in 2024, marking an increase of 3 billion manats, or 2.4%, compared to the previous year, according to data released by the State Statistics Committee. In 2023, nominal GDP stood at 123 billion manats.
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The latest data from the State Statistics Committee reveals that as of December 1, 2024, the total number of salaried workers in Azerbaijan stood at 1.775 million, with 884,400 employed in the public sector and 890,900 in the private sector. This figure falls significantly short of the government's ambitious targets set seven years ago, raising concerns about employment opportunities, particularly for the country's burgeoning youth population.
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Azerbaijan's legal and physical entities engaged in trade operations with partners from 176 countries between January and November 2024, exporting goods to 120 nations and importing from 167, according to the State Customs Committee.
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Azerbaijan's retail trade turnover climbed 3.9% in real terms in 2024 compared to the previous year, reaching a total of 62.2 billion manats, the State Statistics Committee revealed. Food, beverages, and tobacco accounted for 34.1 billion manats, while non-food products contributed 28.1 billion manats to the total.
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